Malaysia's approved investments hit another record high of 216.5 billion RM (around 66 billion USD) last year, an increase of 48.6 billion RM over the figure of the previous year, Bernama reported.

In 2012, the country attracted a total of 167.9 billion RM in direct investments, which was the highest amount ever recorded.

Addressing a press conference on 'Malaysia's Investment Performance 2013' in Kuala Lumpur on Feb. 28, International Trade and Industry Minister Mustapa Mohamed said 72.5 percent of the total investments approved (157 billion RM) were contributed by domestic sources (DDI) and 59.5 billion RM (27.5 percent) came from foreign investments (FDI).

"This is in line with the government's target of reaching a domestic direct investment-to-foreign direct investment ratio of 73:27 by 2020," he noted.

The minister said, the domestic investments approved in 2013 reflected the continued interest of local companies to spearhead the Economic Transformation Programme ( ETP ) and assume a leading role in the growth of the economy.

Meanwhile, the increase in FDIs showed that foreign investors were attracted to Malaysia ’s ease of doing business. Besides, the government's implementation of fiscal measures and the Economic Transformation Programme have added to the appeal for foreign investors to do business in Malaysia .

The leading source of foreign investments in the manufacturing sector in 2013 was the US with 6.3 billion RM, followed by the Republic of Korea with 5.5 billion RM, the EU with 5.1 billion RM, Singapore with 4.5 billion RM and Japan , 3.6 billion RM.

Mustapa said a total of 5,669 investment projects were approved last year, and are expected to create some 192,000 jobs.-VNA